Get From *$2,510 to $50,000 and receive approval in minutes. No Credit? Bad Credit? No Problem. Get Same Day Cash And Keep Driving Your Car. Fast, Convenient, No Hassle Process. Apply Now and Find Out How Much Money Your Car Qualifies For!!

Loans for bad credit scores

If you’re in a situation that makes you ask: how to get a loan with bad credit? or, how can I borrow money with bad credit scores?

Well, ask no more as we are here to provide car collateral loans with bad credit scores! We also provide same day funding! With TFC you can say you’re using your car as collateral for personal loans.

Collateral Loans

Getting collateral loans with us using the equity you have in your car is a fast process.

Collateral Loans are secured by using your car title and is going on as lien holder.

We can provide same day funding on all of our collateral loans.

Meaning, when clients approach a lender or any financial institute for a loan, offering heir asset as collateral to secure the loan.

Lender

The lender has the legal right to seize your asset. Sell it to recover the loan amount if you fail to comply with your agreement of repaying the loan.

Lenders are taking a risk to get clients funded, hence the need for a collateral. So in plain language, a collateral insures the lender in case you fail to pay back your loan.

Most of the time, a collateral makes it easier and improves your chances of getting a loan (larger cash amount) – especially form a bank. A collateral is more like an alternative peradventure a borrower defaults.

Then, the lender places a lien on the collateral as the interim owner. Alien is the lender’s legal claim to a collateral. And if clients fail to completely pay off the loan, the lender assumes full ownership of their collateral.

The proceeds from the sales of the asset – collateral will then serve as compensation for what’s left in the loan.

Borrowers’ Commitment

Collateral proves a borrower’s commitment to repaying a loan, and we can see collateral in 2 different lights;

A valuable item you pledge to secure a loan

A Plan-B against your inability to clear

Typically, in a collateral loan agreement, you are saying YES to your lender taking over your asset. If you fail to repay your debt according to the terms in the contract agreement.

So if you are considering taking a loan using your asset as collateral, it is important you understand how collateral works.

Loans and What They Are

According to Investopedia, a loan is a term that describes the act of offering something – usual cash to another party. With the expectation of receiving back the principal cash plus some interest in the future.

It is always the person who needs cash that initiates the system. Receiving cash from the lender accepts the cost of borrowing the cash, and is under obligation to pay back the amount completely at a given time.

Cost of taking out a loan is the interest rate – an incentive that commits you to the loan terms of the agreement. The amount of cash you borrow is the principal, and the time given for complete repayment is the loan period.

The loan amount you can borrow depends on some factors. Like; your income, credit history, credit status, and the need you intend to settle using the loan.

Loans are issued by loan providers. These providers could be banks, credit unions, credit card companies, and other lending financial institutes.

Car Title Loans California, for example, is a loan provider that offers collateral loan services in the form of an auto title loan.

Although this article is focused on collateral loans, there are several other forms and types of loans. Understanding the options and which one best suits your need and plan are paramount.

Types of Loans

Loans come in several forms and shapes. Loans can be secured or unsecured, open-ended or close-ended.

Secured Loans and Unsecured Loans

Secured loans are loans that are secured by a collateral. That means they depend on an asset as collateral.

The asset is for the lender to possess on the occasion of a default. And since secured loans need collateral, their interest rates are lower than that of unsecured loans.

In most cases, the asset you are tendering would be evaluated to know its value, and determine the loan amount you can borrow a common example of a collateral loan is a mortgage loan or a title loan.

Unsecured loans, on the other hand, don’t require collateral. They are characterized by higher interest rates and are not that easy to access.

On the event of a default, you may end up facing lawsuits from the lender to recover the loan. Examples of unsecured loans are; personal loans, bank overdrafts, and peer-to-peer lending

Open-Ended and Closed-Ended Loans

Open-ended loans are loans that have no limit on the amount you can access. That is to say, in an open-ended loan, you can borrow over and over again.

Example of such loans is cash advance through credit cards. Each time you use the credit card, the credit decreases.

And when you make payments, the credit increases, allowing you to continue using the same card over and over Open-Ended and Closed-Ended Loans.

While closed-ended loans are loans you can only borrow one-time and can’t reuse after you repay. An example of such loans is mortgage loans and student loans. What are Collateral Loans?

Why Some Loans Need Collateral

The loan market is a risky venture, and lenders need a cushion to against such risk. More like an insurance in case, things go sideways, and collateral somehow minimizes the risks of accepting you as a borrower. This is why some loans require collateral.

In a situation where your credit is unimpressive, or you haven’t yet got a lot of financial structure that a potential lender could look at and consider you worthy for a cash advance.

Then tender an asset that is worth the amount of cash you want to loan as collateral increases the chances of your loan request being granted.

What are Collateral Loans?

When your current financial status or credit history makes it impossible for you to secure a loan, a collateral loan might just be what you need.

Most times in life, you get destabilized by unexpected circumstances that require urgent financial attention. In such cases, a quick loan might just be the ideal solution to handle such unexpected expenses.

However, getting this loan when you are deep in debts or have a poor credit might be quite impossible. This is where a collateral loan is beneficial.

Requires

Collateral loans are a type of loan that requires clients – the borrower to leave something off that is of value with your lender. As a surety that clients are committed to completely repaying the loan they collected.

The valuable asset you leave with the lender is what gives the lender the confidence that you will clear your loan debt in due time.

When you fail to pay off the loan, your lender who still has your asset may decide to sell it off to recover the lost funds due to the loan you collected.

So you can see that a collateral loan is a form of secured loans. As you read on, you’ll discover that car title loans are the most popular and easily accessible type of collateral loan.

Types of Collateral Loans and Assets You Can Use to Get One

Collateral loans come in several forms, but these forms all require one major item; ‘collateral’. According to SBA on the US Small Business Administration, there are three basic types of collateral loans. Listed below are the types of collateral loans;

Personal Loans: Personal loans with collateral, these loans sometimes exist as both secured and unsecured loans. When they are secured, they are backed by collateral. Properties or assets you can use to secure a personal loan include; landed properties, vehicles, home equity, bonds or paper investments, collectibles or other valuables, paychecks or your savings account.

Business Loans: these are loans you can collect to start up a small business or support an existing one. The cash collected could be used for equipment purchases, expansion or human resource hiring. And the collateral could be a personal asset, insurance policies, equity in the business or expected earnings from the business.

Auto Loans: this is a common form of the loan that most folks subscribe to. Usually, a car or vehicle could be used as collateral. Other collaterals are; the car you already own, a car you are still paying for, auto/home equity or some form of paper investments of value. Most of the times, the value of the asset has to be determined through an appraisal before you can get the loan.

How Do Collateral Loans Work?

By now, you must have realized how collateral loans could be a lifesaver when you are dealing with those difficult moments life throws at you.

With an asset you can offer as collateral, you don’t have to bother about your credit (whether good or bad). And in most cases, there are no long application processes involved. So when the need for the cash is urgent, a collateral loan is the answer.

Getting a loan using collateral takes the stress of the entire process, and makes it a lot easier to access a collateral loan.

To get a collateral loan with ease, you need to understand how it works. The way collateral loans work is simple and fast – a solution when traditional lenders deny your loan application.

This is how:

Step 1: Application

To get a collateral loan, you have to apply. Here, you provide your personal information as well as information about the collateral you want to tender. In recent times, the application could be done with ease, from the comfort of your home or office – online. Yes, you can get your secured loans online!

The personal information you are to provide include your name, contact details as well as other basic bio-data. Sometimes, you also provide information about your monthly income. After that, you then provide details about the asset – collateral.

Step 2: Verification

After customers submit an application, a collateral loans expert will quickly process the application and verify/validate the information they have provided. The process is usually fast, and you don’t

have to wait for days, especially when there are no boring background checks involved.

A responsible lender would want to evaluate your asset to ascertain its worth, and also know how much you can borrow.

Step 3: Approval

After your information has been verified, You’ll get your collateral loan approval. you’ll then have to sign a contract in agreement to the terms stating the loan estimate as well as when you are to pay off the loan, with interest.

The Loan Amount Versus the Value of Your Asset

The way a collateral loan works is that the collateral is your lender’s compensation in case you default. This means clients cannot borrow a cash amount that is way higher than the value of the collateral.

Most times, lenders choose to offer cash amounts lesser than the value of your asset (at least 50% of the collateral’s worth). No hard feeling, it’s just a way a typical collateral loan lender chooses as a guarantee of getting back their money in the event of your failure to pay back what you borrowed.

When clients apply to borrow cash via a loan, using a collateral, the will be issued a quote for the loan amount you are eligible to access (usually expressed in percentage).

For example, if your asset is worth say $50,000, you may be allowed to collect up to 80% as a cash advance. What this means is that 80% of your asset’s worth is the acceptable loan-to-value ratio.

Remember, you are responsible for the full loan amount. So peradventure the amount recovered from the sales of your asset turns out to be lesser than what you owe, your lender could still bring legal actions against you to collect the balance.

Collateral Loans on Cars or Vehicles

Clients car can be used as collateral for a loan, we can say that car collateral loans are a form of collateral loans. Clients can use your car or vehicle as collateral in an effort to secure a loan.

Getting a cash advance from conventional lenders like banks and credit unions are becoming more challenging and difficult as years go by.

The conditions are getting more stringent, and the criteria are becoming numerous. If you own a car or vehicle, you can use it to acquire a collateral loan. When the collateral involved is your car title, it is called a car title loan.

To get a collateral loan on your car, you must own the car outright, or paid more than half of the car’s cost price. You must also have the clear title of the car in your possession – with no lien on it. this does not mean that you will not use your car. Rather, you only give-up the documents that show your ownership of the car in exchange for a cash loan, while you keep driving your car as you will.

Locations

Clients can also get collateral loans in a different part of California.

Conclusion

Car collateral loans, auto title cash advance, car title loans or pink slip loans all mean the same thing. And getting a title pawn loan is easy and fast – takes just 24 hours or less. Car Title Loans California offers title loan services to US citizens resident within California and its environs. Visit our website today to apply online.

There are some title loan requirements we need you to provide during and after your application. We also appraise your car with Kelly Blue Book to know how much your car qualifies you to access, analyze your monthly income, and run your credit through Experian to reach a payment program that will suit your financial status. You can visit our blog to know how car title loans work in details.

Meta

Trading Financial Credit, LLC may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. Trading Financial Credit, LLC does not offer or service student loans. California loans are made or arranged pursuant to a California Financing Law License : 603-8192. Arizona: Loans made pursuant to Arizona Department of Financial Institutions.

*Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 5PM PST on a business day.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

The Terms of Use (aka privacy policy) is designed to inform you of the types of nonpublic personal information (“Personal Information”) Trading Financial Credit, LLC (“Company”) may maintain or collect during the course of our relationship with you. It also explains the safeguards we have in place to protect that information and the circumstances under which we may share that information with other companies. This notice applies to both current and former customers.

Why We Collect Personal Information

We collect Personal Information to identify you, confirm facts about you, deliver financial products and services to you, to help us assess requests for financial products and services, and as necessary to service your loan.

Personal Information We Maintain or Collect

The following are examples of the types of nonpublic personal information we maintain or collect:

With Our Affiliated Companies for their everyday business purposes or to market their products to you.

With Non-Affiliates for Joint Marketing – We may share your Personal Information with non-affiliated financial companies with whom we have a formal agreement to market financial products or services to you.

We may also share, as may be required or permitted by law, information about your loan to credit reporting agencies or pursuant to legal process.

Protection of Information and Security Procedures

We restrict access to Personal Information about you as a current or former customer to our employees or affiliates who need this information to provide financial products or services to you and to otherwise service your account(s) with us. We maintain physical, electronic and procedural safeguards that comply with applicable federal and state standards to guard your Personal Information.

Privacy Notice – Online Supplement

This section describes our practices regarding information we receive about you during visits to this web site. The amount and type of information we receive depends on how you use this site.

Privacy Notice – Online Supplement

This section describes our practices regarding information we receive about you during visits to this web site. The amount and type of information we receive depends on how you use this site.

Normal Web Site Usage

You can visit our web site to read product and company information, or use our on-line tools without revealing any personal information. The only information we collect and store during normal web site usage is the name and address of your Internet service provider, the web site you last visited, the pages you request, the date and time of those requests and the number of visits you made to our website. We use this information to generate statistics and measure website activity in order to improve the usefulness of customer visits to our website. This same information may be shared with third parties in order to provide these services or to analyze, store, or aggregate the information. It may also be shared with other third parties, working with us to improve our services or our website. During normal web site usage, we do not collect or store personally identifiable information such as name, mailing address, email address, phone number, or Social Security number.

On-Line Collection of Personally Identifiable Information

Occasionally, we will request personally identifiable information in order to provide the web site visitor with a service or correspondence (e.g., promotions and mailed brochures). This information, such as name, mailing address, email address, type of request, and possibly additional information, is collected and stored in a manner appropriate to the nature of the request as determined by us and is used to fulfill your request. Whenever we request such information, we will clearly explain how it will be used. If you tell us that the information should not be used as a basis for further contact, we will respect your request. The information you provide is used by us to improve the services we provide you. This information may also be provided to agencies for use on our behalf in accordance with our Privacy Notice. However, it is never provided or sold to any other company for that company’s independent use. Please note that our website may provide links to third party sites not controlled by us. We suggest that you check the specific Privacy Notices of any site before providing any personally identifiable information.

Electronic Mail Sent to Us That Contains Personal Information

Internet users may decide to send us personally identifying information, for example, in an electronic mail message containing information about your account with us. We will only use this information to identify the user as our customer and to determine how to respond to the electronic mail. We will use this information for the purpose identified in the email message and to enhance our understanding of you in order to improve our services to you.

Internet Services

To use our Internet services, such as our online application, we require a certain amount of personally identifying information (e.g., name, Social Security number, account number and other applicable information) we can use to verify you as our customer. We use this to identify and access data in the existing relationship we have with you in order to provide you with the requested services. We request email addresses as an alternate means of contacting you. Providing your email address is optional, except when you request an Internet delivered service, then it is necessary for us to have your email address in order to honor your request. We may also use this information to enhance our understanding of you and improve our services.

What Are Cookies?

A “cookie” is a small line of text that is stored within your browser when you visit a cookie-enabled website. As you browse the Web, cookie-enabled sites will send cookies to your browser, along with pages. Your browser probably has options that will let you control whether the browser accepts cookies, rejects cookies, or notifies you each time a cookie is sent to you. If your browser is set to reject cookies, cookie-enabled websites will not recognize you when you return. This provides you with anonymity, but it also makes it very difficult to offer you customized services. It is also less secure than using cookies, because all of your specific data must be sent to the website each time you view a page. Accepting cookies means your private data can stay at the Web server, and the only information transmitted over the Internet is your ID cookie. If your browser is set to accept cookies, any cookies that are sent to your browser are stored in your computer for a period of time. There are a few different types of cookies. A “session” cookie is stored only in your computer’s working memory (RAM) and only lasts for your browsing session. When you close all of your browser’s windows, or when you shut down your computer, the session cookie disappears forever. A “permanent” cookie is stored on your computer’s hard drive until a specified date, which could be tomorrow, next week, or 10 years from now. Permanent cookies stay on your computer until either a) they expire, b) they are overwritten with newer cookies, c) you manually remove them. We use permanent cookies to supply visitors to our site with a customized experience. These cookies do not involve personally identifiable information. We also use session cookies to customize your experience during a session, to aid in your navigation and use of the site, to develop generic web site metrics and other similar uses.

Changes to Our Policy

We reserve the right to change our Privacy Policy and Privacy Notice. A revised Privacy Policy or Privacy Notice applies only to data collected subsequent to its effective date. If we make substantial changes to our policy, we will post the changes on our website.

Privacy Policy

Privacy Policy V1 R03292016

Important Notice Regarding Your Privacy Rights

This privacy policy notice is designed to inform you of the types of nonpublic personal information (“Personal Information”) Trading Financial Credit, LLC (“TFC”) (the “Company”) may maintain or collect during the course of our relationship with you. It also explains the safeguards that TFC has in place to protect that information and the circumstances under which TFC may share that information with other companies. This notice applies to both current and former customers.

Why We Collect Personal Information

We collect Personal Information to identify you, confirm facts about you, deliver financial products and services to you, to help us assess requests for financial products and services, and as necessary to service your loan.

Personal Information We Maintain or Collect

The following are examples of the types of nonpublic personal information we maintain or collect:

Information that you provide in connection with your loan, applications, other forms, or verbally, such as: name, address, telephone number, social security number, income, driver’s license number, and employment information.

Information about your transactions with us, our affiliates, or other parties, such as: account balances and payment history.

Information we receive from consumer reporting agencies, such as: credit history and credit worthiness.

Information obtained from non-affiliated third parties about your transactions with them.

Sharing of Personal Information

We may share some or all of the Personal Information that is described above as follows:

With Our Affiliated Companies for their everyday business purposes or to market their products to you.

With Non-Affiliates for Joint Marketing – We may share your Personal Information with nonaffiliated financial companies with whom we have a formal agreement to market financial products or services to you.

Your Right to Limit Sharing/Opt-Out Right

You have the right to limit our sharing of your Personal Information, except as permitted by law, by completing and returning the opt-out notice that was provided to you via the US Postal Service titled “FACTS: What Does Trading Financial Credit, LLC Do With Your Personal Information?” (Customers located in California can also return the opt-out notice titled “Important Privacy Choices for California Consumers”).

Protection of Information and Security Procedures

We restrict access to Personal Information about you as a current or former customer to our employees or affiliates who need this information to provide financial products or services to you and to otherwise service your account(s) with us. We maintain physical, electronic and procedural safeguards that comply with applicable federal and state standards to guard your Personal Information. For example, we use Secure Sockets Layer (SSL) technology supporting up to 128-bit encryption to prevent unauthorized parties from viewing any nonpublic personal information transmitted to or from us.

Privacy Notice – Online Supplement

This section describes our practices regarding information we receive about you during visits to this web site. The amount and type of information we receive depends on how you use this site.

Normal Web Site Usage

You can visit our web site to read product and company information, or use our on-line tools without revealing any personal information. The only information we collect and store during normal web site usage is the name and address of your Internet service provider, the web site you last visited, the pages you request, the date and time of those requests and the number of visits you made to our website. We use this information to generate statistics and measure website activity in order to improve the usefulness of customer visits to our website. This same information may be shared with third parties in order to provide these services or to analyze, store, or aggregate the information. It may also be shared with other third parties, working with us to improve our services or our website. During normal web site usage, we do not collect or store personally identifiable information such as name, mailing address, email address, phone number or Social Security number.

On-Line Collection of Personally Identifiable Information

Occasionally, we will request personally identifiable information in order to provide the web site visitor with a service or correspondence (e.g., promotions and mailed brochures). This information, such as name, mailing address, email address, type of request, and possibly additional information, is collected and stored in a manner appropriate to the nature of the request as determined by us and is used to fulfill your request. Whenever we request such information, we will clearly explain how it will be used. If you tell us that the information should not be used as a basis for further contact, we will respect your request. The information you provide is used by us to improve the services we provide you. This information may also be provided to agencies for use on our behalf in accordance with our Privacy Notice. However, it is never provided or sold to any other company for that company’s independent use.

Please note that our website may provide links to third party sites not controlled by us. We suggest that you check the specific Privacy Notices of any site before providing any personally identifiable information.

Electronic Mail Sent to Us That Contains Personal Information

Internet users may decide to send us personally identifying information, for example, in an electronic mail message containing information about your account with us. We will only use this information to identify the user as our customer and to determine how to respond to the electronic mail. We will use this information for the purpose identified in the email message and to enhance our understanding of you in order to improve our services to you.

Internet Services

To use our Internet services, such as online account access, we require a certain amount of personally identifying information (e.g., name, Social Security number, account number and other applicable information) we can use to verify you as our customer. We use this to identify and access data in the existing relationship we have with you in order to provide you with the requested services. We request email addresses as an alternate means of contacting you. Providing your email address is optional, except when you request an Internet delivered service, then it is necessary for us to have your email address in order to honor your request. We may also use this information to enhance our understanding of you and improve our services.

What Are Cookies

A “cookie” is a small line of text that is stored within your browser when you visit a cookie-enabled website. As you browse the Web, cookie-enabled sites will send cookies to your browser, along with pages. Your browser probably has options that will let you control whether the browser accepts cookies, rejects cookies, or notifies you each time a cookie is sent to you.

If your browser is set to reject cookies, cookie-enabled websites will not recognize you when you return. This provides you with anonymity, but it also makes it very difficult to offer you customized services. It is also less secure than using cookies, because all of your specific data must be sent to the website each time you view a page. Accepting cookies means your private data can stay at the Web server, and the only information transmitted over the Internet is your ID cookie.

If your browser is set to accept cookies, any cookies that are sent to your browser are stored in your computer for a period of time. There are a few different types of cookies. A “session” cookie is stored only in your computer’s working memory (RAM) and only lasts for your browsing session. When you close all of your browser’s windows, or when you shut down your computer, the session cookie disappears forever. A “permanent” cookie is stored on your computer’s hard drive until a specified date, which could be tomorrow, next week, or 10 years from now. Permanent cookies stay on your computer until either a) they expire, b) they are overwritten with newer cookies, c) you manually remove them. We use permanent cookies to supply visitors to our site with a customized experience. These cookies do not involve personally identifiable information. We also use session cookies to customize your experience during a session, to aid in your navigation and use of the site, to develop generic web site metrics and other similar uses.

Keeping Customer Information Accurate

If you believe our records are incomplete or inaccurate, you may write to us at: 3055 Wilshire Blvd., Suite 300 Los Angeles, CA 90010 or email us at compliance@tfciloan.com.

Effective Date; Changes to Our Policy

We reserve the right to change our Privacy Policy and Privacy Notice. A revised Privacy Policy or Privacy Notice applies only to data collected subsequent to its effective date. If we make substantial changes to our policy, we will post the changes on our website.